Barrick Gold Reports Third Quarter Operating Results

摘要

Barrick Gold Corporation reported Q3 adjusted net earnings increased 52% to $1.39 billion from $912 million in Q3 2010, reflectinghigher gold and copper prices along with higher copper sales volumes, resulting in an annualized return on equity of approximately 25%.Q3 gold production was 1.93 million ounces at total cash costs of $453 per ounce and net cash costs of $328 per ounce. The Company is on track to meet its full year operating guidance, with production expected to be 7.6-7.8 million ounces at total cash costs of $460-$475 per ounce, within original guidance ranges. Net cash costs for 2011 are anticipated to be $330-$350 per ounce, reflecting a lower copper price assumption than previously assumed. Copper production is expected to be 450-460 million pounds at total cash costs of $1.60-$ 1.70 per pound in 2011.